L’Oréal has announced that its Singapore and Malaysia units are to be combined, to form one, bigger division, effective immediately, according to a report published by Marketing Interactive.
Hong Kong-based SleekFlow has closed a US$8 million Series A funding round led by Tiger Global, according to a report published by TechinAsia. AEF Greater Bay Area Fund and Transcend Capital were also named as participants in the round.
Indian skin care start-up, Mamaearth is hoping to raise some US$300 million via a planned IPO in 2023 and is seeking a valuation on flotation of US$3 billion, according to a report published by The Business Standard.
India’s Reliance is said to be considering a buy-out of the much-beleaguered Revlon, according to a report published by Reuters quoting ET Now’s Twitter feed as its source.
LG Household & Health Care is set to install bee hives around its 4,700 square meter site in Ulsan, according to a report published by Korea Bizwire.
K-pop group BTS’ announcement that it is poised to pause group activities has provoked a furious reaction from both fans and investors, according to a report published by Reuters.
The US is set to build its first domestic heavy rare earths separation facility after the Department of Defence signed a deal valued at US$120 million with Australian firm Lynas Rare Earths, according to a report published by the Financial Times.
Online Indian cosmetics retailer start-up Purplle has become India’s latest Unicorn, having raised US$1.1 billion at a capital valuation, according to a report by Bloomberg.
Sephora China has unveiled its seven global beauty trends for Summer 2022 and announced more than 360 star products and exclusive new releases curated to reflect the looks of the season. The LVMH-owned retailer has also announced the launch of its China Accelebrate program, designed to incubate premium Chinese beauty brands.
Hong Kong’s Security Bureau is considering adding CBD to its Dangerous Drugs Ordinance, according to a report published by the South China Morning Post.